payment processor

A payment processor is a company or service that handles the technical steps needed to transfer money when you buy something with a credit or debit card. When you make a payment, the processor securely communicates your card details to the bank or card network, verifies the funds, and then transfers the payment to the merchant’s account. It acts as the middleman that ensures your transaction is safe, accurate, and completed quickly, enabling smooth electronic payments for both businesses and consumers.